RMG export grew by 16.61% to $3.36 bn in July of FY23


Desk Report: The export data for the first month of the FY2022-23 that is July 2022 is published. RMG export grew by 16.61% in this month and reached 3.37 billion dollars. This export is 3.75% more than July 2020.

According to the EPB data, RMG products, knitwear registered a growth of 11.80% to $1.85 billion from $1.65 billion in the same period of the last year, while woven garments saw a growth of 23.11% to $1.51 billion from $1.22 billion.

In this difficult time of global economy where our economy is confronted with imported inflation, EURO is falling against US dollars, and the cost of inputs is on the rise, this growth is showing resilience of our industry. Yet the outlook remains wary of the economic slowdown in advanced economies, said Mohiuddin Rubel, Director ,BGMEA.

Manufacturers expressed pleasure as the buoyancy in demand ebbed due to the higher inflation in Europe and the US, the major destinations for Bangladeshi products.